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Dow plunges more than 650 points as President Trump blames Fed

Bullseye said:
Not sure you can make that assumption. If you work for a company that offers a retirement you have market exposure whether you know it our not. Even defined benefit plans invest in stocks; of course in you have a IRA or 401k you're in the market.
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That's the thing, retirement plans aren't really a thing anymore for most blue collar workers. You might get an option for a 401k, but there is a large chance that there is little to no matching in it. Consequently, tens of millions of people (a substantial percentage of "ordinary" people) have no retirement savings AT ALL.

Bullseye said:
What stock market bubble? I love when you guys start an analysis from "well, it's Trump so it can't be good . . ." rather than looking at actual data and logic. Trump hasn't done anything that hasn't worked since back in the '20s. Low tax rates encourage economic growth which encourages stock market optimism - but "Trump!:twisted:", right?
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Welp, if you disagree with all of the investors that are selling off, I really don't care. At this point, you can either agree with the strategies of the guy that Trump hired, or with the strategies that Trump is advocating. Is Trump following sound economic principles or is he hiring incompetent people? Pick your poison.
 
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